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Sapphire Foods India Limited Seeks Shareholder Approval for Registered Office Shift from Maharashtra to Haryana

Sapphire Foods India Limited has issued a postal ballot notice seeking shareholder approval to relocate its registered office from Maharashtra to Haryana. The e-voting process runs from January 10-February 8, 2026, with results expected by February 10, 2026. The strategic move aims to facilitate operational synergies through a Board-approved Scheme of Arrangement, requiring Special Resolution approval and subsequent Central Government clearance.

02Jan 26

Sapphire Foods Makes Merger Conference Call Recording Available to Investors

Sapphire Foods has made the audio recording of its merger announcement conference call with Devyani International available to investors on its website, fulfilling SEBI regulatory requirements. The disclosure covers the major QSR consolidation involving a 177:100 share swap ratio effective April 1, with the recording accessible through the company's investor relations portal for enhanced transparency during this significant corporate restructuring.

01Jan 26

Devyani International Shares in Focus After Mega Merger with Sapphire Foods

Devyani International and Sapphire Foods have announced a merger creating India's largest Yum! Brands franchisee with over 3,000 stores. The deal features a 177:100 share swap ratio, enhanced commercial terms from Yum! Brands, and acquisition of 19 KFC outlets in Hyderabad. Expected to complete in 12-15 months, the merger will generate annual synergies of ₹210-225 crore and position the combined entity for accelerated expansion.

01Jan 26

Sapphire Foods India Receives ₹203.25 Crore GST Demand Order from Tax Authorities

Sapphire Foods India Limited has received a GST demand order worth ₹203.25 crores from Haryana tax authorities for alleged excess input tax credit claims during April 2018 to March 2022. The demand includes ₹101.62 crores in tax liability and equal penalty amount. The company maintains the claim is not maintainable and states no material operational impact, while evaluating response options.

31Dec 25

Sapphire Foods India Secures Favourable Tax Tribunal Ruling, Interest Liability Reduced by ₹16.79 Crores

Sapphire Foods India Limited has secured a major victory at the Income Tax Appellate Tribunal, with the Mumbai bench ruling in the company's favour regarding interest calculations under section 201(1A) of the Income Tax Act. The December 30, 2025 Order Giving Effect has reduced the company's interest liability from ₹17.04 crores to just ₹25.13 lakhs across seven assessment years (AY 2016-17, AY 2018-19 to AY 2023-24), delivering savings of approximately ₹16.79 crores.

27Oct 25

Sapphire Foods Reports Mixed Q2 Results with 7% Revenue Growth

Sapphire Foods India Limited, operator of KFC and Pizza Hut in India and Sri Lanka, reported a 7% year-on-year increase in consolidated revenue to ₹740.00 crores for Q2. KFC saw 7% revenue growth, while Pizza Hut faced a 6% decline. Sri Lanka operations grew 18% in local currency. The company added 21 new restaurants, reaching its 1000th outlet milestone. Despite revenue growth, Restaurant EBITDA decreased by 12% to ₹83.60 crores, and Adjusted EBITDA fell 24% to ₹45.00 crores. Sapphire Foods is focusing on strategic initiatives to drive growth and recover from current market challenges.

24Oct 25

Sapphire Foods Halts Pizza Hut Expansion in India Amid Sales Decline

Sapphire Foods India Ltd., operator of Pizza Hut in India, has suspended expansion plans following poor Q2 results. The company, managing nearly 1,000 KFC, Pizza Hut, and Taco Bell restaurants in India and Sri Lanka, reported a decline in same-store sales growth to -8% from -3% year-over-year. Average daily sales per store dropped by 10.6% to Rs 42,000, while total restaurant sales fell 6% to Rs 129.60 crore. Despite increasing Pizza Hut outlets from 323 to 338, the company has decided to pause further expansion until sales and profitability improve. Sapphire Foods has increased marketing investments to stimulate demand in response to these challenges.

17Oct 25

Sapphire Foods Reports Consolidated Loss of Rs 145.25 Million for H1 FY2026; Director Rohitt Mutthoo Resigns

Sapphire Foods India, operator of KFC and Pizza Hut in India and Sri Lanka, reported a 7.45% increase in consolidated revenue to Rs 15,192.65 million for H1 FY2026. However, the company swung to a net loss of Rs 145.25 million, compared to a profit of Rs 19.48 million in H1 FY2025. Standalone results showed revenue growth but increased net loss. The company also announced the resignation of Non-Executive Nominee Director Mr. Rohitt Mutthoo.

11Sept 25

Sapphire Foods India Faces INR 1.01 Million GST Demand Order from Raipur Authorities

Sapphire Foods India Limited received a demand order of INR 1.01 million from Central GST and Central Excise authorities in Raipur, Chhattisgarh. The order, issued on September 10th, alleges discrepancies in GST filings from April 2018 to March 2019, including excess Input Tax Credit availing and incorrect utilization. The company is evaluating the order and plans to respond, possibly challenging it. Sapphire Foods asserts no material impact on its financial or operational activities.

01Aug 25

Sapphire Foods Clarifies Executive Director Appointment and Remuneration Details for Vijay Jain

Sapphire Foods India Limited has provided clarification on Vijay Jain's appointment as Executive Director and Chief Financial Officer (ED & CFO). His remuneration remains largely unchanged from his previous CFO role. No additional stock options will be granted due to his elevation. The company has about 11 lakh unallocated stock options, with future grants to be considered for the overall management team. Any potential future grant to the ED & CFO will not exceed 20% of the remaining pool, with a minimum grant price of Rs. 272.00 per share. The performance-linked incentive is part of Jain's overall CTC package. The Board views the proposed remuneration as appropriate given Jain's role and responsibilities.

30Jul 25

Sapphire Foods Reports 8% Revenue Growth in Q1, Margins Decline Amid Value Campaigns

Sapphire Foods India Limited, operator of KFC and Pizza Hut in India and Sri Lanka, reported Q1 revenue of Rs 775.00 crores, up 8% year-on-year. KFC saw flat same-store sales growth but positive transaction growth. Pizza Hut faced challenges with 5% revenue decline. Sri Lanka operations showed 12% same-store sales growth. Consolidated restaurant EBITDA margin contracted by 290 basis points to 12.2% due to investments in value campaigns and increased delivery mix. The company added 11 new restaurants, bringing the total to 974.

25Jul 25

Sapphire Foods Pursues Multi-Channel Growth and Cost Optimization to Boost Profit Margins

Sapphire Foods, franchisee for YUM! Brands in India, Sri Lanka, and Maldives, is executing a multi-channel growth approach with cost-saving initiatives. The company is optimizing restaurant sizes, strengthening omni-channel presence, and integrating digital kiosks. Cost-saving measures include zero-based budgeting and a benchmarking program. Despite challenges, restaurant sales increased by 8% year-over-year to ₹7,748.00 million, with EBITDA at ₹1,134.00 million. The company operates 974 restaurants across KFC, Pizza Hut, and Taco Bell brands, focusing on organic growth and exploring potential acquisitions.

25Jul 25

Sapphire Foods Reports 8% Revenue Growth, EBITDA Margin Declines in Q1

Sapphire Foods India Limited, a franchisee for Yum! Brands, reported Q1 restaurant sales of ₹7,748.00 crore, an 8% year-over-year increase. However, EBITDA margin declined to 14.6% from 17.3%, and adjusted EBITDA fell by 22% to ₹548.00 crore. The company operates 974 restaurants across India, Sri Lanka, and the Maldives, adding 11 new outlets in Q1. KFC India showed strong performance with 11% revenue growth and 15.70% EBITDA margin. Pizza Hut India faced challenges with a negative 2.50% EBITDA margin despite 6% revenue growth. Sri Lanka operations demonstrated 19% revenue increase with 12.70% EBITDA margin. Sapphire Foods was recognized as the World's Best KFC Franchisee at the Yum Global Franchise Convention.

24Jul 25

Sapphire Foods Faces INR 51 Million GST Notice, Maintains Confidence in Financial Stability

Sapphire Foods India Limited has received a show cause notice from Delhi Sales Tax authorities for alleged GST return discrepancies in FY 2021-22. The notice amounts to INR 51 million, including interest and penalties. The company states the claim is not maintainable and expects no material impact on its operations. Sapphire Foods is evaluating the notice and plans to respond appropriately. An analyst and investor meeting has been scheduled to address concerns.

24Jul 25

Sapphire Foods Faces INR 51 Million GST Show Cause Notice

Sapphire Foods India Limited has received a show cause notice from Delhi Sales Tax authorities for alleged GST return discrepancies in FY 2021-22. The notice, issued under Section 73 of the CGST Act, amounts to ₹51 million, including interest and penalty. The company states the claim is not maintainable and expects no material impact. Sapphire Foods is evaluating the notice and plans to respond appropriately. The company has disclosed this information to stock exchanges in compliance with SEBI regulations.

24Jul 25

Sapphire Foods Faces INR 51 Million GST Show Cause Notice for FY 2021-22

Sapphire Foods India Limited, a YUM franchisee operator, has received a show cause notice from Delhi's Sales Tax Officer for alleged GST return discrepancies in FY 2021-22. The notice, totaling INR 51 million, includes interest and penalties. Sapphire Foods claims the notice is not maintainable and expects no material impact. The company is evaluating the notice and will respond accordingly. Sapphire Foods operates KFC, Pizza Hut, and Taco Bell restaurants across India and Sri Lanka.

04Jul 25

Sapphire Foods Responds to Merger Speculation with Devyani International

Sapphire Foods India Limited has responded to market rumors about a potential merger with Devyani International Limited. The company stated it routinely evaluates strategic opportunities for growth but neither confirmed nor denied the specific merger rumor. Sapphire Foods, which operates KFC and Pizza Hut outlets in India, Sri Lanka, and the Maldives, emphasized its openness to various growth strategies while maintaining transparency with stakeholders.

09May 25

Sapphire Foods India Ltd. Sees Significant Block Trade on NSE

A significant block trade of 506,108 shares of Sapphire Foods India Ltd. occurred on the National Stock Exchange (NSE). The transaction was executed at Rs. 300.00 per share, totaling Rs. 15.18 crores. Sapphire Foods India Ltd., a major franchisee of Yum! Brands, operates KFC and Pizza Hut restaurants in India, Sri Lanka, and the Maldives.

07May 25

Sapphire Foods India Reports Mixed Q4 Results with Slight EBITDA Growth

Sapphire Foods India's Q4 results show a marginal EBITDA increase to ₹106.00 crore from ₹103.00 crore year-over-year. However, EBITDA margin contracted to 14.90% from 16.30%. Net profit declined by 25% to ₹18.00 crore from ₹24.00 crore in the previous year. The results indicate operational efficiency amid challenging market conditions but highlight pressures on profitability.